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@ZEROHERO:$SPDR S&P 500 ETF Trust(SPY)$ 8.2% profit before Friday's reversal. Market has been up one day & day the next day. Can this be considered as a new trading strategy going into FOMC week? No prize in guessing Monday's market direction 😂 World’s Biggest ETF Adds $7.3 Billion in Day After Bank Rescues SPY saw its biggest inflow since the vaccine news hit in 2020 and its sixth biggest over the last decade. Moves to shore up banking system help settle nervous market. Major financial sector funds XLF, KRE also post big inflows. - The recent downward volatility of bank shares is largely an overreaction to isolated events. Bank insiders seem to agree as they are buying a lot of shares. - The outlook for banks is generally good given rising rates. Dividends are safe in the foreseeable future, which gives a good base for valuation. - The government will probably backstop a collapse in the financial sector, so there is a put of sorts here. - The market is clearly spooked as implied volatility for diversified bank ETFs like the KRE and XLF are at year-long highs and have seriously backwardated term structures. - Selling cash-secured or naked puts on ETFs is my preferred way to play this, but buying shares is highly advisable too. 🚨 If you find the information useful, I'd appreciate if you could click on Like, Comment & Repost this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! 🤑 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_SG @TigerPM
$SPDR S&P 500 ETF Trust(SPY)$ 8.2% profit before Friday's reversal. Market has been up one day & day the next day. Can this be considered as a new trading strategy going into FOMC week? No prize in guessing Monday's market direction 😂 World’s Biggest ETF Adds $7.3 Billion in Day After Bank Rescues SPY saw its biggest inflow since the vaccine news hit in 2020 and its sixth biggest over the last decade. Moves to shore up banking system help settle nervous market. Major financial sector funds XLF, KRE also post big inflows. - The recent downward volatility of bank shares is largely an overreaction to isolated events. Bank insiders seem to agree as they are buying a lot of shares. - The outlook for banks is generally good given rising rates. Dividends are safe in the foreseeable future, which gives a good base for valuation. - The government will probably backstop a collapse in the financial sector, so there is a put of sorts here. - The market is clearly spooked as implied volatility for diversified bank ETFs like the KRE and XLF are at year-long highs and have seriously backwardated term structures. - Selling cash-secured or naked puts on ETFs is my preferred way to play this, but buying shares is highly advisable too. 🚨 If you find the information useful, I'd appreciate if you could click on Like, Comment & Repost this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! 🤑 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_SG @TigerPMDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.